Arizona State Retirement System Purchases 1,841 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Arizona State Retirement System lifted its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 13.0% in the 1st quarter, Holdings Channel reports. The fund owned 15,994 shares of the real estate investment trust’s stock after buying an additional 1,841 shares during the quarter. Arizona State Retirement System’s holdings in ARMOUR Residential REIT were worth $273,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in ARMOUR Residential REIT during the 4th quarter worth about $419,000. Natixis Advisors LLC bought a new position in ARMOUR Residential REIT during the 4th quarter worth approximately $210,000. Thrivent Financial for Lutherans grew its position in ARMOUR Residential REIT by 12.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 43,100 shares of the real estate investment trust’s stock worth $813,000 after acquiring an additional 4,804 shares during the last quarter. Intech Investment Management LLC grew its position in shares of ARMOUR Residential REIT by 101.7% in the 4th quarter. Intech Investment Management LLC now owns 31,866 shares of the real estate investment trust’s stock worth $601,000 after buying an additional 16,068 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its position in shares of ARMOUR Residential REIT by 14.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 18,778 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 2,310 shares during the last quarter. Institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Price Performance

Shares of ARR stock opened at $16.69 on Wednesday. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -47.68 and a beta of 1.36. The business has a fifty day moving average of $16.55 and a 200 day moving average of $17.20. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.60.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $75.29 million for the quarter, compared to the consensus estimate of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.42% and a negative net margin of 0.27%. As a group, equities research analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.24 dividend. ARMOUR Residential REIT’s payout ratio is -822.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ARR. UBS Group reiterated a “neutral” rating and set a $16.00 price objective (up previously from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th. Janney Montgomery Scott raised ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a report on Monday, April 28th. Finally, Jones Trading restated a “hold” rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.50.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.